Parra-Polania, Julian A.; Acuña-Roa, Luisa F. - BANCO DE LA REPÚBLICA - 2013
This manuscript can be divided into two main parts. The first one, using a simple example by Minford (2004) and Hatcher (2011), gives the reader a basic introduction to understand the comparison between two monetary-policy regimes: Inflation Targeting (IT) and Price-Level Targeting (PLT). The...